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Pin to quick picks3i Infrastructure Share News (3IN)

Share Price Information for 3i Infrastructure (3IN)

London Stock Exchange
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Share Price: 320.50
Bid: 320.50
Ask: 322.00
Change: -0.50 (-0.16%)
Spread: 1.50 (0.468%)
Open: 321.50
High: 323.00
Low: 320.50
Prev. Close: 321.00
3IN Live PriceLast checked at -
3i Infrastructure is an Investment Trust

To build a diversified portfolio of equity investments in entities owning infrastructure businesses and assets by seeking investment opportunities globally, but with a focus on Europe, North America and Asia.

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3i Infrastructure to sell stake in Cross London Trains

Tue, 05th Feb 2019 12:38

(Sharecast News) - 3i Infrastructure has agreed to sell its 33.3% stake in Cross London Trains (XLT) to a consortium of Dalmore and Equitix.XLT was established to procure and lease the rolling stock for use on the Thameslink passenger rail franchise.3i said that estimated proceeds from the sale, which is conditional on certain third party consents, are around £333m, compared to a valuation of £271m at 30 September 2018.Adjusting for the estimated proceeds, the group's pro-forma September 2018 net asset value is estimated to have increased to 229.3p per share, after payment of the interim dividend.Completion is expected prior to the company's year-end.Chairman Richard Laing said: "XLT has proved a very good investment for the company, generating significant value for our shareholders. Having supported the project through design, manufacturing and delivery, we believe that now is an appropriate time for the company to realise its stake."Phil White, managing partner and head of Infrastructure at 3i Investments, investment manager of the company, said: "XLT is another successful investment for 3i Infrastructure. In partnership with our co-shareholders, our involvement since the start of the procurement programme in 2008 has helped to deliver, on time and on budget, a key element of London's commuter rail infrastructure."At 1610 GMT, the shares were up 2.3% to 272.65p.RBC Capital Markets analyst John Musk said: "We see this sale as a clear valuation positive for 3IN, showing strong value creation on a project 3IN has been involved with since 2008. The sale also demonstrates strong demand for assets in the secondary market, which may aid future realisations for 3IN. Investors will now be looking for 3IN to make future investments using the balance sheet strength into other value-creative assets."We continue be impressed by 3IN's portfolio management with its recent track record demonstrating that it invests in assets that trend in the right direction, exits where the price exceeds 3IN's potential holding value, and manages down risks where appropriate."
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3i Infrastructure Says European Portfolio Generating Income of GBP30.9M

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1 Oct 2013 07:31

3i Infrastructure warns on Indian fund valuation

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1 Oct 2013 06:45

3i Infrastructure 6-month Net Investment At GBP64 Mln

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16 Sep 2013 15:38

Fortum launches 1.5-2 bln euro sale of Finland grid -sources

STOCKHOLM/LONDON, Sept 16 (Reuters) - State-controlled Finnish utility Fortum has launched a sale of its power grid in Finland, which could fetch around 1.5 billion to 2 billion euros ($2.67 billion), four people familiar with the matter said. Last week, information on the business was sent

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13 May 2013 02:57

Indian stocks to watch - May 13

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9 May 2013 10:03

3i Infrastructure eschews India for developed markets

Investment company 3i Infrastructure has decided to rebalance its investment strategy in favour of less volatile investments in more developed markets. After lifting the total return 59% to £89.1m in the year to end-March, the FTSE 250 closed-ended vehicle said it was lowering its return objective

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28 Mar 2013 09:50

3i Infrastructure's results hit by macroeconomic pressures

Investment company 3i Infrastructure revealed on Thursday that macroeconomic pressures have impacted its India arm in the second half. Ahead of the fund's annual results, the group released a trading statement outlining its performance for the period between April 1st, 2012 to March 27th, 2013. "T

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25 Mar 2013 08:58

3i Infrastructure sells stake in Alpha Schools at a premium

Jersey-incorporated, closed-ended investment company 3i Infrastructure has sold its 50 per cent holding in Alpha Schools (Highland) Holdings Limited to a wholly-owned subsidiary of HICL Infrastructure Company Limited, which already owns the balance of the investment. The sale of the company's inve

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12 Mar 2013 15:35

UPDATE 2-Finland's Fortum closer to $6.5 bln grids sale-sources

* State-controlled firm hires Citi, Danske Bank - sources * Government has not decided to sell, but likely to - source * Deal would be biggest in Nordic region for five years * Private equity, infrastructure firms seen likely bidders By Sophie Sassard and Jussi RosendahlRead more

12 Mar 2013 11:25

Finland's Fortum hires banks for possible 5 bln-euro sale-sources

LONDON/STOCKHOLM, March 12 (Reuters) - Finnish state-controlled utility Fortum has mandated Citigroup and Danske Bank to explore the sale of its energy distribution assets worth about 5 billion euros ($6.51 billion), four people familiar with the situation said. "The government has yet to d

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5 Feb 2013 07:42

Portfolio income surges at investment company 3i

The value of portfolio income at investment management company 3i rose 28.3 per cent to 68m pounds in the period from October 1st to February 4th compared to the corresponding period in the previous year, an interim management statement from the company has disclosed. The FTSE 250 company, which fo

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Friday tips round-up: Schroders, Electrocomponents and 3i Infrastructure

Tempus in The Times writes that Schroders' performance since the financial crisis started gives an idea what can be achieved if you stick to your knitting and abjure significant acquisitions, unlike other fund managers such as Aberdeen Asset Management. Over the past 14 quarters Schroders has gain

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